CIBC Asset Management Inc Increases Stock Position in American Express Company $AXP

Posted by Geri Gentry on Jun 4th, 2026

American Express logo CIBC Asset Management Inc raised its holdings in American Express Company (NYSE:AXP) by 51.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,325 shares of the payment services company’s stock after purchasing an additional 48,507 shares during the period. CIBC Asset Management Inc’s holdings in American Express were worth $53,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AXP. Norges Bank purchased a new stake in shares of American Express in the fourth quarter valued at about $2,464,215,000. Ameriprise Financial Inc. lifted its holdings in shares of American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after purchasing an additional 845,283 shares in the last quarter. Amundi lifted its holdings in shares of American Express by 23.9% in the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after purchasing an additional 537,205 shares in the last quarter. Danske Bank A S purchased a new stake in shares of American Express in the third quarter valued at about $153,292,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of American Express during the fourth quarter valued at approximately $166,848,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AXP shares. Evercore set a $345.00 price objective on shares of American Express in a research note on Wednesday, April 29th. Wells Fargo & Company reduced their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Loop Capital started coverage on shares of American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective on the stock. The Goldman Sachs Group upped their price objective on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average target price of $359.05.

Check Out Our Latest Report on American Express

American Express Stock Performance

Shares of AXP stock opened at $300.90 on Thursday. American Express Company has a one year low of $286.15 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The company has a 50 day moving average price of $313.49 and a 200 day moving average price of $337.42. The firm has a market capitalization of $205.31 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.06.

American Express (NYSE:AXP – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the business posted $3.64 earnings per share. American Express’s revenue for the quarter was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.59 EPS for the current year.

American Express Profile

(Free Report)

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.